Updated over 3 years ago on . Most recent reply
2nd Lien HELOC Question
I am looking to get a 2nd lien HELOC on my current primary residence to leverage the equity to acquire other rental properties. I also plan to move out and STR the primary residence. Has anyone done this before and had to disclose this to the bank the HELOC is with? I don't want it to become an issue after the fact. This may vary based on the lender, but I just wanted to see if someone had any insight. Thanks!